Yunnan FDG Enters Production Phase: Unveiling the Inaugural Model of Changjiang Brand Electric Vehicles

On November 8, 2023, Changjiang, a brand under FDG Electric Vehicle (Group) Co., Ltd. (729.HK), revealed its latest achievements in pure electric minibusses, commercial vehicles, and buses after an extensive five-year period of research and development. The veil of anticipation was lifted as Yunnan FDG Automobile Co., Ltd. officially unveiled six inaugural models from three distinct pure electric vehicle series in the picturesque city of Kunming. This marked the commencement of production for Yunnan FDG, signifying a significant milestone in the industrialization of FDG Electric Vehicle Group's Changjiang series electric vehicles. The event ushered in a new era, sending ripples through the electrification revolution of the automotive industry in China and globally. It contributed to China's transformation from a prominent automobile nation to a formidable automotive powerhouse, injecting a fresh wave of positive energy into this transformative journey.

The inaugural ceremony for the first model of FDG Group's Changjiang brand electric vehicle witnessed the presence of notable dignitaries, including Liu Huiyan, Vice Governor of Yunnan Province, Long Jiang, Director of the Provincial Department of Science and Technology, Gao Jinsong, Secretary of the Kunming Municipal Party Committee, Li Wenrong, Mayor, and Wang Minzheng, Director of the High-tech Development Zone, among others. The event attracted over 200 attendees, comprising governmental leaders, seasoned experts in the automotive industry, representatives from the initial cohort of Changjiang brand electric vehicle users, key component suppliers, and journalists from various media outlets.

Mayor Li Wenrong declared the launch of Changjiang brand electric vehicles, and in a synchronized display, pure electric minibuses, commercial vehicles, and buses seamlessly rolled off the final assembly line.

Provincial and municipal leaders, along with esteemed guests, toured Yunnan FDG's production workshops and charging stations. They had the opportunity to experience firsthand the performance of Changjiang brand pure electric minibuses, commercial vehicles, and buses. Cao Zhong, Chairman of the Board of Directors of FDG Group, along with Miao Zhenguo, Vice Chairman, and Chen Yanping, President of Operations, provided insightful introductions to the provincial and municipal leaders and guests, shedding light on Changjiang brand pure electric vehicles, their core technologies, and the overall corporate landscape.

User representatives from the inaugural batch received their car keys directly from the leaders of FDG Group Marketing Company during the on-site ceremony.

The initial production of Changjiang brand pure electric vehicles comprises two models of the FDE6750 series high-end pure electric minibuses, two models of the FDE6810 series high-end

roup aims to manufacture 3,500 pure electric buses, minibuses, and commercial vehicles at its Kunming production base in 2024. By 2025, this production target is expected to escalate to 10,000 vehicles.